Member Info for laidback

I'm expecting 35/36p to be broken today

Is that asking too much ?

$39.80

I think so !! : )

$39.08

£1 by Xmas !

Shazabo you make my sides split because you are the complete joke ROFL

$38.57

We will touch 40p again next week imo

Vicjain TLW breakeven $35 oil ... they already profitable !

There will be a serious supply deficit in July. Demand us rebounding. Supply gas been cut or falling seriously like US shale.

Markers always overshoot. Brent will be $50-$60 by yesr end and so here will be £1+.

All imo

People are absolutely itching to go on holidays. The airlines are primed to get hplidays started again. This could happen this month. Quatantine rules will be relaxed with airbridges.

Car use will increase as public transport is avoided. That's plain simple.

The demand bott8med in March/ April for oil. Supply deficit forecast for July. World will need plenty of oil to grease the recovery.

That's old news betrayed lol

All priced in

Agreed

£1+ by year end imo .... not in a straight line though

I'm glad you agree Q1 cash flow is positive.

Q2 and rest of year cash flow is positive with Brent at $35. So as long as we don't fall below $35, net debt is being reduced every day.

Thanks SLIFT

You can't teach me accounts....I know what I'm talking about

If oil is over $60, then sp will be well over £1, nearer £2

Well we're talking Apple's and oranges. You have to look at the movement in NET DEBT to determine free cash flow. We know net debt at 31.12.2019 at £2,806m. The trading statement didn't give a figure for net debt at 31.3.2020. I suspect we might have $100m free cash flow first quarter at a guess, as Jan and Feb realised good prices. So net debt March 20 might be $2.7bn

Jan Feb realised oil price was $62, according to trading statement. Sounds like very healthy cashflow 1st two months. March was of course lower but 60% hedged

There's no guidance been given by the company for net debt at 31st March. You are just guessing it really. I think 1st quarter was cash flow positive.

Net debt Dec 19 : $2,806m from final results

Where did you get $2,860 for March 20 ?